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Rumours Surround Justin Sun and TUSD – Seperating Fact from Fiction

Reading Time: 2 min In recent months, there have been rumors circulating that Justin Sun, the founder of Tron, is secretly the owner of the stablecoin TUSD. These rumors have been fueled by a number of factors, including Sun’s close ties to TUSD’s issuer, Tether, and his history of making controversial statements about the stablecoin.

If the rumors are true, it would be a serious breach of trust. TUSD is a popular stablecoin, and its users would be right to be concerned if it was being manipulated by a single individual.

It is important to wait for more information before making any conclusions about the rumors regarding TUSD and Justin Sun. However, the rumors have raised important questions about the transparency and stability of the stablecoin market.

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National Australia Bank to Launch Stablecoin Pegged to Australian Dollar

Reading Time: < 1 min National Australia Bank (NAB) is set to release its own stablecoin in mid-2023, pegged to the Australian dollar and built using blockchain technology. This move towards adopting cryptocurrency and blockchain technology in the financial sector is a significant step for NAB and highlights the trend of financial institutions embracing this technology to improve transaction speed, cut costs, and compete with fintech rivals. NAB’s stablecoin is expected to provide customers with a stable and reliable means of making transactions, without the volatility associated with other cryptocurrencies.

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Crypto Fugitive Do Kwon Arrested in Montenegro Months After $40B TerraUSD Collapse

Reading Time: 2 min Do Kwon, co-founder of the Terra network and a prominent figure in the cryptocurrency industry, has been arrested in Montenegro months after the collapse of TerraUSD, a stablecoin project he was involved in. The collapse led to losses of around $40 billion for investors, and Kwon had been on the run since then. His arrest has sent shockwaves through the industry and raised questions about the regulation of stablecoins and the wider cryptocurrency industry.

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